Key facts
- Pascal Lamy, former WTO Director-General, outlined options for the EU's trade policy with China.
- Lamy stated the EU must choose between rebalancing its trade relationship with China or adopting protectionist measures.
Pascal Lamy, who previously led the World Trade Organization, has advised the European Union on its approach to trade with China. He presented a stark choice: either the EU actively rebalances its economic relationship with Beijing, or it risks descending into protectionism. Lamy's comments suggest a need for strategic adjustments in trade policies to address current economic dynamics and geopolitical considerations.